Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.008%

Price spread now: ApeX Omni against Bitget+0.004%113s7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$540.539% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.004%, 7d avg −0.003%

Together, before fees−0.012%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MUUSDT	1,052.3	0.0113	pay 0.0113% / 8h	4h 35m	$20.6M	$41.1M	50x
Short	ApeX Omni MUUSDT	1,052.3	0.0100	get 0.0013% / 1h	35m 41s	$71K	$268K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee ApeX OmnibpOrdersPrice spread, now +0.004%Rate

Funding earned: −$2.73
Price spread: +0.004% → −0.003%: $0.65
Slippage, 4 orders: −$31.87
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$55.95
Costs to cover: 0.539%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; ApeX Omni: live order book, 21 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 3 min ago	0.33 bp	7.9 bp −$8	11.2 bp −$112	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 21 min ago	7.55 bp	19.4 bp −$19	189.5 bp −$1,895	doesn't fit	doesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MUUSDC	−0.0053%	4h	1,052.1	−0.015%	$1.3M	$671K	10x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.4	+0.005%	$31.2M	$99.8M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.5	+0.019%	$334K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.2	−0.009%	$62.3M	$27.4M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.6	+0.025%	$82K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.6	−0.064%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.1	+0.173%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.4	+0.009%	$131K	$436K	50x	as long as short
Aster MUUSD1	+0.0004%	8h	1,052.2	−0.014%	$21.4M	$55.0M	20x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,052.3	−0.001%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MUUSDT	+0.0025%	8h	1,052.7	+0.039%	$19.1M	$32.3M	100x	as long as short
Variational Omni MU	+0.0032%	8h	1,052.2	−0.007%	$2.7M	$2.4M	—	as long as short
Lighter RH MU	+0.0032%	1h	1,052.3	+0.002%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.7	−0.057%	$564K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.089%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052	−0.027%	$7.2M	$17.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,052	−0.029%	$71K	$234K	10x	as long as short
Bullet MU-USD	+0.0041%	1h	1,052.4	+0.005%	$24K	$398K	10x	as long as short
Nado MU-PERP	+0.0045%	1h	1,051.7	−0.057%	$282K	$842K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.3	+0.095%	—	$176K	25x	as long as short
Lighter MU	+0.0048%	1h	1,052.4	+0.006%	$1.1M	$5.1M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052	−0.029%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.3	−0.001%	$691K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.4	−0.083%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,052.4	+0.009%	$2K	—	5x	as long as short
Binance MUUSDT	+0.0067%	8h	1,052.5	+0.016%	$126.8M	$517.0M	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0073%	1h	1,052.1	−0.017%	$69K	$420K	10x	as long as short
tradeXYZ xyz:MU	+0.0077%	1h	1,052.1	−0.019%	$178.9M	$99.0M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.1	−0.016%	$758K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0096%	1h	1,051.9	−0.041%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.4	+0.009%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052	−0.026%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDTshort	+0.0100%	1h	1,052.3	+0.004%	$71K	$268K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.2	−0.011%	$836	$799	20x	as long as short
Bitget MUUSDTlong	+0.0113%	8h	1,052.3	long leg	$20.6M	$41.1M	50x
BloFin MU-USDT	+0.0188%	8h	1,052.3	−0.001%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.6	+0.029%	$538K	$271K	15x	as long as short